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Home Real Estate Law

Kenneth Harney: Is the tax overhaul regulation impacting real estate?

Stanley Paul by Stanley Paul
August 14, 2025
in Real Estate Law
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Kenneth Harney: Is the tax overhaul regulation impacting real estate?

It’s an annual ceremony of passage: scooping ice cream, ready tables, or supervising children at an afternoon camp for the summer season. But that enjoyment may be more difficult to find and much less lucrative this year, as numerous neighborhood employers said that the rise in minimum salary from $11 to $12 an hour has meant they may be hiring fewer people, reducing lower back on time beyond regulation, and/or raising fees.

real estate“We’re hiring much fewer human beings; we need to,” stated Debbie Powell, co-proprietor of Crystal Caves in Auburn. Ms. Powell said she would generally lease 20 teenagers and college students to screen Crystal Caves’ mini-golfing route, batting cages, and ice cream stand. This year, she anticipates hiring 16 or 17. Meanwhile, she said she gets three hundred to four hundred job applications. “I sense for those children, I honestly do, I feel for them,” said Ms. Powell, whose circle of relatives has owned Crystal Caves for 23 years. “But if I can’t have enough money to pay them, I surely can’t come up with the money to rent them.”

Dan Brunner, who owns a Jimmy John’s Gourmet Sandwiches franchise in downtown Worcester, has additionally decreased his number of employees. “We’ve needed to tighten up now not only the number of human beings we’ve added on but the number of hours we have people on,” Mr. Brunner stated. Mr. Brunner anticipated that he could have workers inner the store and 4 drivers throughout the height of lunchtime this summer season, down from three to 4 personnel inside the store and five drivers.

“We’re plenty extra proactive to cut if there’s nothing taking place,” Mr. Brunner stated. “In these surroundings, you have to pinch as many pennies as you can to make the dollar.” The state minimum wage elevated from $ 11 an hour to $12 an hour on Jan. 1, the first in annual increases to bring the national minimum wage to $15 an hour by January 2023. Tipped people also noticed a growth in their minimum wage this 12 months, from $3.75 an hour to $four.35 an hour, and tipped people’s minimum wages will grow every year for the next 5 years until it reaches $6 an hour in January 2023.

Stanley Paul

Stanley Paul

I am a lawyer by profession and blogger by choice. I work for a prestigious law firm where I handle complex litigation and intellectual property matters. In my spare time, I write about various legal issues on my personal blog. I am always open to interesting topics and will always try to provide a fresh perspective on the latest developments in the legal world. I am a huge fan of technology, and I am always excited to learn more about how this industry is growing. For example, I recently had the chance to attend the opening of the Facebook campus in Dublin, Ireland and interviewed Mark Zuckerberg.

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